Today, in preparation of & to understand the significance of the vast array of new features and developments coming to lightning, we cover a full overview of the What, Why, & How of the Lightning Network.
What exactly is it, why do we need it, and how exactly does it work? A huge thank you to Aaron Van Wirdum, Pierre Rochard, and Rusty Russell for making this understandable for me, we dive into a high level approach to understanding what’s happening in lightning. In addition, despite forgetting to mention them in the podcast, a shout out to Christian Decker, Andreas Antonopoulos & Bryan Vu who have also produced great great content that helped in my understanding of lightning as well.
"Lightning achieved a many-to-one mapping of transactions to transactions... But creating even a single UTXO per user is, arguably, not good enough. So there...
"Bitcoin is more easily verifiable than gold, in terms of being a reserve asset and being used as collateral. It’s more frictionless to transfer...
I hope you listened to the recent read by Beautyon, Bitcoin and Software Reliability, because today we continue our FUD Relief series. I suspect...